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20121108
20121116
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Search Results 0 to 7 of about 8
CNBC
Nov 16, 2012 4:00am EST
with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese consumers. the two countries are rel
CNBC
Nov 16, 2012 3:00pm EST
mitch mcconnell came out of that meeting in the white house and used the word revenue. it's on want table. they are acknowledging they will raise revenue. the only way i know to raise revenue is to raise taxes. i mean, does it sound to you like there's going to be a tax increase after all? >> no. if you remember, the comment that boehner and mitch mcconnell have made is they want revenue from economic growth. the best way to get revenue for the federal government is to grow the economy faster rather than slower. if you grow at 4% a year instead of 2% a year for one decade, the government raises $5 trillion. that is how you balance the budget. you cut spending, just as the republicans did in the last half of the 1990s. they cut the capital gains tax. we had more growth, and we slowed spending. that's what we need to focus on, not raising taxes on the american people and of course, obama's tax increases are there, but he hasn't put any spending restraint on the table. we look forward to seeing what he might be thinking of. >> mr. norquist, if you had to put money on it, do you think w
CNBC
Nov 13, 2012 7:00pm EST
somebody else. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get it. let me ask you this, david, we have a weak economy, i know jobs are growing but they are growing weekly. what sense does it make to raise taxes on anybody when you have such a weak economy. from a economic, not ideal logical stand n point, what sense does it make? >> well, you know larlarry, the labor movement thinks that jobs are the number one agenda here, as you well know, we have had this conversation about your need to do something to get our finances in better shape, the way to do that with the least amount of damage to our economy, is to end the bush tax cuts for the wealthy for those ma
CNBC
Nov 14, 2012 7:00pm EST
in compromise. keith, you just contradicted yourselves. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant damage to the economy. >> like it did during the clinton administration when they created
CNBC
Nov 8, 2012 5:00pm EST
binary thing. it's not one day you wake up, make a deal with the house or mitch mcconnell. if there is going to be a deal made it's still going to take a big bite out of spending and therefore out of the gdp. i don't think our economy is as healthy as people think. so if you're asking me, i'm relatively negative. so i have all my stocks and all these things that i own. i have them more than completely hedged, you know, with s&p. >> sure. >> shorts, options. >> carl, i want to turn back to something you own, oshkosh, a 9.5% stake in the company. you had vitriol for the management in response to what they called your bid. >> yeah. >> first of all they said it grossly undervalued the company at an offer of, what was it, 3250 a share? so what do you have to say to them and at this point are you trying to flush out a third-party bid here? >> i'm not trying to flush out a third party bid in oshkosh. i don't think it's the same thing as netflix. i'm not flushing out of netflix either. i agree with the analyst who said it would be the mother of all auctions. with oshkosh, it's different. i
CNBC
Nov 14, 2012 12:00pm EST
he's looking at anyone adversarial right now, maybe mitch mcconnell because he's been so tough on the tax issue. as far as industry, he wants to start out with an open mind, open book, let's sit down and try to figure out ways to work this out, working together. very important he's meeting with the ceos today. i guarantee you, he talks to dimond about these issues regularly. >> lloyd blankfein, you reference the op odd, his words, tax increases for wealthiest are okay. he ends his op-ed today, we're ready to roll up our sleeves and work with the obama administration and congress to helpful fill america's enduring promise. jared, i've got traders on the desk today who probably feel president obama doesn't want to work with them. >> i assure the traders to be more patient. i understand you want to see your guys in that room. they will be soon. the blankfein op-ed was just right in tone. really did strike that balance between revenue increases and spending cuts. it's very important to recognize thus far we actually have cut about a trillion and a half under discretionary spending side. t
CNBC
Nov 9, 2012 2:00pm EST
boehner, mitch mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >>> we do hear this new bond flick "sky fall" is a really big deal. >>> but first, adjusted for inflation. what is the highest grossing bond flick of all time? 1965's "thunderball" starring sean connery. there you go. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800
CNBC
Nov 9, 2012 6:00am EST
something that handed out an olive branch. i don't think mitch mcconnell's was. >> neither was harry reid for that matter. >> that's fair. >> this agreement, becky, is going to be between the speaker and the president. be honest if you want to do this agreement the speaker and the president should sit down without any staff in the room and reach the parameters of it. >> can they do that before boehner goes with his party for just to make sure he's still the leader? i've heard you have to wait until the end of -- >> becky, i totally disagree with that. >> okay. >> the speaker of the house has control over his caucus, not control but he has the confidence of his caucus and i think it's sort of a "new york times" spin event that the speaker doesn't have that. the simple fact is that the speaker does have that. ing to be a comprehensive it's agreement where the entitlement savings will be justified, will be significant enough so that you can justify tax reform that can be sold to the membership of the house. >> ed, you need to respond to that? >> no, i actually agree with that, nan
Search Results 0 to 7 of about 8